The International Fraud Awareness Week kicks off Nov. 11, 2018 worldwide Fraud costs organizations worldwide an estimated 5 percent of their annual revenues, according to a study conducted by the Association of Certified Fraud Examiners (ACFE). The ACFE’s 2018 Report to the Nations on Occupational Fraud and Abuse analysed 2,690 occupational fraud cases that caused…
The ai Corporation have opened a research lab focused on researching solutions to power the next generation in payment and risk management. This will enable the team to experiment with cutting edge techniques and to develop unique machine learning algorithms to drive innovation in the payment processing and risk protection of tomorrow. The team, led…
The potential impact and role of Artificial Intelligence (AI) is undeniable. We increasingly see highly repetitive tasks moving from human manual labour, to machine-based automation. Fraud prevention is often labelled as one of the ‘quick wins’ for AI, and there is no dispute that the technology’s use is driving better detection. However, AI is also…
Artificial Intelligence is a field that captures the imagination in the press and the public domain, with a vision of machines supporting us in everyday life. But how close are we to that in everyday business life? The answer is very close, but with one key intermediary step. Back in 2016, Gartner coined the term…
ai’s suite of payment and state of the art machine learning risk management solutions granted e-money licence The Royal Bank of Scotland (RBS) also re-approve ai for Money Services Business (MSB) status Payment, fraud and risk management experts, The ai Corporation (ai) and its suite of payment and fraud prevention solutions, including machine learning risk…
The ai Corporation today disclosed that it has secured a $2.5 million investment from its principal existing shareholders, to support its next stage of growth. With recent investments in services delivery and product development, as well as global expansion, ai has grown its team and is experiencing growth of more than 36 percent year-on-year. ai…
Paying for fuel is an experience that – despite the rapid evolution of the payment experience over the last ten years – hasn’t evolved a great deal in the last thirty years. Fuel cards and fleet cards are in need of innovation – the question is: where will that innovation come from, and when? Dr. Mark Goldspink, CEO,…
The ai Corporation (ai), an FCA approved expert in payments, fraud and risk management, and the University of Southampton (UoS), today announced the launch of a ground breaking research partnership, that aims to further improve fraud risk strategy automation through machine learning. The project will be funded by Innovate UK, the UK’s innovation agency, via a £100,000…
Our CEO Dr Mark Goldspink visited economic and financial intelligence website The Banker, to take part in one of their Tech Talks, a series of interviews with key figures in global finance. Mark gave insight into why artificial intelligence is becoming an increasingly important tool in the fight against fraud. The conversation began around what Mark believes…
Providing excellent customer service is key for us here at ai, so we thought for this months ‘meet the team’ article, we would have a chat with Amy Young, Client Services Manager to find out what’s going on in the wonderful world of customer service. Hi Amy, in 3 words, describe what you do here at…
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